Christopher and Jennifer are establishing a fund for their son's college education. What lump sum must they deposit in an account that gives 8% annual interest rate, compounded monthly, in order for them to have $60,000 in the fund at the end of 10 years?

Ian purchased a bond for $3200, and ten months later he sold it for 3700. What annual rate would he have to earn in a savings account compounded monthly, to earn the same money on his investment?

Sarah purchased a bond for a museum valued at $8,000 for $2,400. If the bond pays 5.5% annual interest compounded monthly, how long must she hold it until it reaches its full face value?

Find the accumulated value of an investment of $7000 at 8% compounded continuously for 3 years. Use  $A\ =\ Pe^{rt}$  

$6149 is deposited into a savings account at 10% interest by Joan, compounded weekly. To the nearest year, how long will it take for Joan's account balance to reach $1,000,000?

Brandon just put $4190 in a CD that is expected to earn 17% compounded monthly, and $8773 in a savings account that is expected to earn 3% compounded monthtly. Determine when, to the nearest year, the values of Brandon's two investments will be the same.

Jason has money in an account at 7% interest, compounded monthly. To the nearest year, how long will it take for Jason's money to double?

Jennilyn has money in an account at 10% interest, compounded montly. To the nearest year, how long will it take for her money to triple?

Use the compound interest formula to compute the future value of the investment. if $1640 invested at 6.6% compounded annually for 17 years by Rania, what is the value of Rania's investment?